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The Senate to take lead on extending Bush tax cuts

“They said they are going to
act first,” he told reporters, adding, “In my discussions they have indicated
that they are going to move on this — try to move on this in the near future.”

Levin would not say whether
the Senate would act before November’s election, but said he is firmly against
extending the tax cuts benefiting the wealthy.

“My own view is that the high income brackets should be allowed
to expire,” he said. “I just think that the evidence is that the very wealthy
have done, by and large, very well while the middle-income taxpayers have not.”